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Student Debt is the Norm, But Many Canadians Don't Understand How it Works: RBC Poll

Newswire.ca - Tue Jun 16, 6:11AM CDT

TORONTO, June 16, 2026 /CNW/ - A new poll from Royal Bank of Canada (RBC) reveals a growing disconnect between how students are paying for post-secondary education and how prepared they feel to manage the financial realities that come with it. While 57% of students say they currently use or plan to use financial aid to help fund their education, 25% report low confidence in understanding how student loans work and just 28% feel very confident in estimating how long it will take to pay off their debt.

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